{"id":11120,"date":"2020-06-26T16:35:57","date_gmt":"2020-06-26T16:35:57","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=11120"},"modified":"2020-06-26T16:35:57","modified_gmt":"2020-06-26T16:35:57","slug":"neec-goes-for-smes-venture-fund","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/neec-goes-for-smes-venture-fund","title":{"rendered":"NEEC GOES FOR SMES VENTURE FUND"},"content":{"rendered":"

Author: <\/i>URBAN EPIMARK<\/strong>
\nAfricaPress-Tanzania:<\/strong> THE National Economic Empowerment Council (NEEC), has established a special basket fund to enhance SMEs to access easy loans to strengthening their ventures with a low-interest rate.<\/p>\n

NEEC\u2019s Executive Secretary, Beng\u2019i Issa said yesterday in Dar es Salaam that the fund would be fully administered by Azania Bank across the country effective from today.<\/p>\n

\u201cThe government via NEEC has established a special basket which targets to enhance SMEs to access easy loans to facilitate their ventures and enable the country archive the middle income economy level as planned,\u201d she said.<\/p>\n

The Executive Secretary further noted that the funds will be sourced by National Social Security Funds (NSSF) and all SMEs in the country can apply for them at between 8.0m\/-and 50m\/-for small scale businesses and 50m\/-and 500m\/-for medium-level ventures.<\/p>\n

The payback period of these loans would be one to seven years.<\/p>\n

NSSF Director General Mr William Erio said the fund will be operated under revolving methodology and it has enough cash.<\/p>\n

Director General further added that NSSF is working hands to hands with NEEC to ensure government policy to enhance SMEs in the country registers success as per planned goals.<\/p>\n

NSSF has already made provision of over 5.0bn\/-administered by Azania under the same programme while fund monitoring and evaluation is done in collaboration with VETA and SIDO.<\/p>\n","protected":false},"excerpt":{"rendered":"

Author: URBAN EPIMARK AfricaPress-Tanzania: THE National Economic Empowerment Council (NEEC), has established a special basket fund to enhance SMEs to access easy loans to strengthening their ventures with a low-interest rate. NEEC\u2019s Executive Secretary, Beng\u2019i Issa said yesterday in Dar es Salaam that the fund would be fully administered by Azania Bank across the country […]<\/p>\n","protected":false},"author":84,"featured_media":11102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[2451,4586,2270],"class_list":["post-11120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-bengi-issa","tag-neec","tag-william-erio"],"yoast_head":"\nNEEC GOES FOR SMES VENTURE FUND - Tanzania<\/title>\n<meta name=\"description\" content=\"THE National Economic Empowerment Council (NEEC), has established a special basket fund to enhance SMEs to access easy loans to strengthening\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/neec-goes-for-smes-venture-fund\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEEC GOES FOR SMES VENTURE FUND\" \/>\n<meta property=\"og:description\" content=\"THE National Economic Empowerment Council (NEEC), has established a special basket fund to enhance SMEs to access easy loans to strengthening\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/neec-goes-for-smes-venture-fund\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-26T16:35:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/06\/ddf1d7e00b8d3a9f735c66874b02a3bc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/neec-goes-for-smes-venture-fund#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/neec-goes-for-smes-venture-fund\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NEEC GOES FOR SMES VENTURE FUND\",\"datePublished\":\"2020-06-26T16:35:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/neec-goes-for-smes-venture-fund\"},\"wordCount\":234,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/neec-goes-for-smes-venture-fund#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/06\/ddf1d7e00b8d3a9f735c66874b02a3bc.jpg\",\"keywords\":[\"Beng\u2019i Issa\",\"NEEC\",\"William Erio\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/neec-goes-for-smes-venture-fund#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/neec-goes-for-smes-venture-fund\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/neec-goes-for-smes-venture-fund\",\"name\":\"NEEC GOES FOR SMES VENTURE FUND - 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